Politically exposed persons (PEPs) are persons with prominent public positions or functions. Domestic PEPs and foreign PEPs are vulnerable to money laundering.
Table of Content: Enhanced Due Diligence Challenges 12 Risk Factors for Enhanced Due Diligence Beyond basic customer due diligence, or CDD, it’s important that you carry out the correct processes to ascertain whether enhanced due diligence, or EDD, is necessary....
Table of Content: The origin of Customer Due Diligence Requirements The Customer Lifecycle 6 Elements of the Customer Due Diligence Program Application of Customer Due Diligence according to the AML Risk Scoring Ongoing Due Diligence One of the most important tools to...
Table of Content: What is a PEP? Money Laundering involving PEPs Identifying Politically Exposed Persons Defining the Scope of the PEP Definition Operational actions when dealing with PEPs PEPs' Risk Return Profile One very important tool that should be part of your...
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